From the 70s? Yeah things are a little different now. They are but I don’t share the contract publicly. In short: 17% gross salary for two years Only when making $50k+/yr $30k total cap Expires after 5 yrs We get access to student’s bank account and tax returns
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It’s been working successfully for a number of schools and providing solid investor returns if there’s someone buying the paper. See Purdue, GS2, Vemo &
@TonioDeSo. There’s not a question of if the instruments work, jistnif the school does - 1 more reply
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That's cool, you haven't mentioned what you do for the exceptions. - People with health issues? - Change their mind? - Work equity-only? - Continue education?
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Is a risk we take and build into our models. All of the below, with the exception of education (if they’re going to more school contract extends) would just be a default in our book, assuming they don’t hit that salary in 5 yrs
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Change their mind might be different- there’s a pro-rated income share if they finish more than the first month of classes, but we’ve already had a lot of people decide programming or our school isn’t for them in the first couple weeks. They pay $0.
End of conversation
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